Gravita India soared on the bourses on Wednesday after the company announced signing a contract with Amara Raja Batteries for collection and recycling arrangements of scrap lead acid batteries.

The new employees will be serving out of St. Petersburg, Florida and will help digitalise the US insurers Transamerica’s US insurance and annuity business operations.

It takes a lot of analysis while making an investment decision. Ideally, even while exiting or redeeming an investment, an investor should thoroughly think and analysis why the scheme is underperforming. Moreover, investors should know when to redeem their investments.

With the increasing awareness and increasing interest of the investors many of the mutual fund houses came up with the NFOs with different themes.  Find the new fund offers currently open.

For the full year, the NII grew by 19 per cent yoy to Rs. 106 crore. The provisions also jumped to Rs. 48 crore in FY18 from Rs. 5 crore in FY17. The AUM grew by 43 per cent yoy to Rs. 795 crore. 

Total revenue for the quarter rose by 34 per cent yoy to Rs. 15,407 crore in Q4FY18 vs Rs. 11,473 crore in Q4FY18. Also, for the full year revenue grew by 31 per cent yoy to Rs. 56,521 crore in FY18 vs Rs .43,157 crore in FY17. 

The small-cap and mid-cap themes which were the darling of the investors for the last couple of years are bleeding like anything now. The theme had served manifold returns to investors till the end of 2017. But the year 2018 dawned with huge challenges for these themes. 

The shares of MM Forgings surged 8 per cent on the bourses, on Wednesday as the company decides to consider bonus issue as well as interim dividend as wells as a fund raising at its AGM, scheduled to be held on May 28, 2018.

Mutual fund industry will change more in the next 5 years than what it changed in the last 20 years. Read on to find the major changes. 

The share price of stainless steel manufacturer Mukand charted up by over 3 per cent in the intraday trade on Wednesday as a Japanese firm Sumitomo Corporation purchased 49 per cent stake in the joint venture of the company for an amount of Rs. 1181 crore.